I am planning to move sl to BE if it goes below 1.2668, after that will wait for Tokyo Close. Don't forget the daylight saving time change.

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Shorted for few pips from 1.2673

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University of Chokilimana of Japan, believed to be the best university in Cyconomical effects of music on human and reptile brains published in their July 2014 Monthly magazine "Sounds of Time" that watching this song before taking a financial ...

What kind of music you hear while you trade?

Soft power video

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I am currently trying to dig into my earlier days of trading, what mistakes I did, what I didn't do, etc. etc. I was surprised to note that how correct I was and how wise my thoughts were when I decided to enter currency trading. Then got carried ...

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High leverage is not a solution for under-capitalization. It has several disadvantages. Price change in currencies is so small in percentage terms that dealers offer leverage, but excessive leverage makes it very risky. One should remain within ...

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He is not right. High leverage will kill your account, no matter how small is your risk per trade. Don't believe my words, open a demo account and see it for yourself. Few years ago, I closed a 7 full lot trade 100:1 leverage one minute after Asia ...

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Could you kindly elaborate your statement. If one believes in lower or even moderate risk per trade, what is the purpose of high leverage? What leverage mutual funds, banks and other financial institutions use for their short or longer term currency ...

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1.3250 is not sexy enough ............................. alway's add or deduct few pips from a round number, people will think you have some magical formula.

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The door now has a "Push" sign for everyone to see. More likely market proves me right this time, but more important is what I do when market proves me wrong. I just calculate, keep track of the cards, decide how much to bet and when to bet ...

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If one is using anything above 50:1 it is dangerous. It is not just easy to kill an account with 1:2000, or even 1:300 leverage ........................... it is an abortion of the account....................... it is already gone.

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I start seeing bull factors in bear market, but don't know what it means. Raising my tp for a long entered at 1.2728 from 1.2760 to 1.3245 (it is still 50 pips below 1.3295). Anticipating a trend reversal or a huge correction. Small bull factors now ...

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Everybody would short a top and buy a bottom if these were easy to identify. You are right about him, but 10% is very conservative estimate. He mentioned several times that his loss was never a total loss, he would keep some money to live another ...

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both

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Look for red colored items where you are, will find something new. I will focus on green in my surrounding. Beauty is in the eye of beholder .................................................................... why they don't say "eyes"?

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A thought reminded me of an old poster here, Psiholog url . He used to trade based on short-term trends, described as Channels (two parallel lines binding the pa on a chart). We now have replaced this kind of trading with calculated numbers, but ...

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This is exactly what I mean. "There is only one thing you need to know in this market". One has to be right about the long-term direction. It all depends if I am right or wrong about this direction. The key is, my losses should be small if I am ...

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Added one more short, now two trades in usd/jpy position, can add up to 10. Each position seeking 1% risk and 10% reward. That means if I strictly follow my rules (which I doubt) can either lose 10% max or make anything between 20% to 100% in this ...

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Does it mean, my recent longs have any chance of a recovery?

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Longed again at 1.2728, it may hit 1.2765 but I will go only up to 1.2760.

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